Browns Investments PLC says that it has sold 11,988,208 non-voting shares (entire shareholdings) held in Seylan Bank to Lanka Orix Leasing Company PLC for Rupees 479,928,320. Browns Investments is a subsidiary of the LOLC group with the following as the common directors: I.C. Nanayakkara – Executive Chairman/Executive Director Browns Investments PLC and Deputy Chairman LOLC;…
Colombo bourse snapped the five day winning streak, posting negative returns on both indices. ASI declined by 23.30 index points or 0.37% to end at 6,226.13 and simultaneously 20-scrip S&P SL index dropped by 17.57 index points or 0.51% to close at 3,424.12. Price depreciations in Nestle Lanka (closed at LKR 1,940.00, -2.0%), Ceylon Tobacco…
The world’s largest beverage-maker, Coca-Cola, plans to remove a controversial ingredient from some of its drinks brands by the end of this year, following an online petition. Brominated vegetable oil, or BVO, is found in Coca-Cola fruit and sports drinks such as Fanta and Powerade. It will be replaced after concerns that an element of…
Discussions were held on the draft text of a comprehensive Agreement on Bilateral Civil Nuclear Cooperation between India and Sri Lanka on 5 and 6 May in Colombo where it was agreed that the next meeting would be held in India in the second half of 2014 to take forward the issues under discussion. The…
Photographer Brendan Beirne thought he might be lucky to snap a few frames of billionaire James Packer arriving at his Bondi home on Sunday afternoon. But within five minutes of pulling up outside Packer’s multimillion-dollar beachside pad, Beirne was snapping away furiously, not believing the scene that was playing out before his lens. In photographs…
Sampath Bank, has partnered with Sri Lanka Ports Authority (SLPA) to expedite port related landing and delivery payments and deliver a hassle-free facility to exporters and importers in Sri Lanka. This is the first time this landing and delivery payment facility is being made available to private commercial banks in Sri Lanka and Sampath Bank…
Yesterday afternoon, gaming billionaire James Packer got in a vicious fist fight with Nine Entertainment Group CEO David Gyngell on the street in Bondi, Sydney. News Corporation can reveal exclusive photographs of the moment the former best mates brawled outside Packer’s $20 million dollar beach pad. The stills show the men aggressively wrestling, before falling…
Colombo equities started a fresh week on Monday on positive note where both indices closed with marginal gains. All Share Price index marginally gained 0.99 points (+0.02%) to end at 6,249.43 while S&P SL 20 index gained 5.88 points (+0.17%) to end at 3,441.69. Progression in index heavy counters such as Aitken Spence (closed at…
A MEDIA bidding war is underway for photographs of a punch-up between gaming billionaire James Packer and Nine’s CEO David Gyngell. The long-time friends were seen brawling on the street outside Packer’s Bondi Beach pad on Sunday afternoon, News Corp reported. Still photographs reportedly show the men wrestling before falling to the ground in a…
Colombo stock market closed its weekly operations with notable gains in both indices. Main share index gained 24.77 index points or 0.40% to close at 6,248.44 and S&P SL 20 index gained 17.62 index points to close at 3,435.81. Price appreciations in stocks such as Carson Cumberbatch (closed at LKR 405.00, +8.0%), Ceylon Tobacco Company…
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